SCG(600170)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥85.59 billion, representing a 16.69% increase year-over-year[4]. - The net profit attributable to shareholders was ¥1.14 billion, a decrease of 28.27% compared to the same period last year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1.26 billion, showing a significant increase of 63.83% year-over-year[4]. - The basic earnings per share for Q3 2022 was ¥0.10, down 41.18% from the same period last year[5]. - The company's equity attributable to shareholders was ¥39.20 billion, down 4.31% year-over-year[5]. - The company reported a net profit margin of approximately 0.92% for the first three quarters of 2022, down from 1.02% in the same period of 2021[16]. - Net profit for Q3 2022 was 555,707,049.34, a significant decrease from 3,091,541,637.06 in Q3 2021, representing a decline of approximately 82.0%[17]. - Operating profit for Q3 2022 was 1,042,899,852.87, down from 3,854,108,010.94 in Q3 2021, indicating a decrease of about 72.9%[17]. - The company's net profit for Q3 2022 was CNY 1,349,925,342.64, a decrease from CNY 2,521,363,059.42 in Q3 2021, representing a decline of approximately 46.4%[26]. - The total comprehensive income for Q3 2022 was 394,793,160.44, a sharp decrease from 3,087,506,855.33 in Q3 2021[18]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥22.56 billion, a decrease of 91.52% compared to the previous year[5]. - The company experienced a 30.92% decrease in cash and cash equivalents due to poor collection of receivables impacted by the pandemic[8]. - The net cash flow from financing activities decreased by 180.31%, mainly due to a reduction in cash received from minority shareholders' investments[8]. - Cash flow from operating activities for Q3 2022 showed a net outflow of -22,560,392,070.38, worsening from -11,779,732,312.27 in Q3 2021[20]. - The net cash flow from financing activities was negative at CNY -1,501,236,495.17, contrasting with a positive cash flow of CNY 1,869,337,925.71 in the previous year[21]. - The company experienced a net cash outflow of CNY 4,926,603,024.04 in Q3 2022, compared to a net outflow of CNY 1,004,269,917.22 in Q3 2021, indicating a worsening liquidity position[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥336.58 billion, a decrease of 4.86% from the previous year[5]. - Current assets as of September 30, 2022, totaled CNY 251.33 billion, a decrease of 8.8% from CNY 275.61 billion at the end of 2021[14]. - Total liabilities decreased to CNY 286.32 billion from CNY 302.20 billion, a reduction of 5.2%[15]. - The total assets decreased to CNY 92,297,781,237.72 from CNY 94,904,383,917.78, reflecting a decline of approximately 2.8%[24]. - The total liabilities amounted to CNY 61,361,710,023.60, a decrease from CNY 63,677,108,914.98, representing a reduction of approximately 3.5%[24]. Contracts and Business Development - The total number of new contracts signed in the first three quarters reached CNY 255.22 billion, which is 83% of the same period last year[11]. - The construction output value completed was CNY 193.3 billion, achieving 88% of the same period last year[11]. - New contracts in emerging businesses totaled CNY 58.2 billion, accounting for 23% of the total new contracts signed[11]. - New contracts in the urban renewal sector reached CNY 16.4 billion, recovering to last year's level[11]. - New contracts in the water conservancy sector amounted to CNY 10.7 billion, a year-on-year increase of 20%[11]. - New contracts in the new infrastructure sector grew by 67.5% year-on-year, totaling CNY 7.2 billion[11]. Research and Development - Research and development expenses for Q3 2022 were 5,249,215,239.92, down from 6,218,784,407.06 in Q3 2021, a reduction of about 15.6%[17]. - The company's R&D expenses for the first three quarters were CNY 189,243,137.58, down from CNY 305,104,985.30, showing a decrease of about 38.1%[25]. Investment Activities - Investment income for Q3 2022 was 188,646,299.40, down from 476,672,461.78 in Q3 2021, representing a decline of approximately 60.5%[17]. - The total cash inflow from investment activities for Q3 2022 was 4,628,442,194.09, compared to 3,459,145,324.61 in Q3 2021, showing an increase of about 33.9%[20]. - The total cash inflow from investment activities in Q3 2022 was CNY 2,891,124,612.55, significantly lower than CNY 8,107,328,646.39 in Q3 2021, indicating a decline of approximately 64.3%[27]. - The investment income for the first three quarters was CNY 1,606,718,024.12, compared to CNY 1,957,105,818.03 in the previous year, reflecting a decline of approximately 17.9%[25].